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MUFG has introduced a new CLO asset class, bundling $500m of project finance and infrastructure loans together for Starwood Property Trust, in a deal that clearly demonstrated investor appetite for the product. Other issuers could follow, raising capital for the forthcoming US infrastructure building plan potentially worth $2tr, writes Paola Aurisicchio.
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MIAMI, March 1, 2021 /PRNewswire/ Starwood Capital Group ( Starwood Capital ), a global private investment firm focused on real estate and energy investments, today announced it has originated a £1.8bn Term Loan as Mandated Lead Arrangers to Blackstone Capital Partners ( BCP ) and Blackstone Real Estate Partners ( BREP ) for the acquisition of Bourne Leisure, a premier UK holiday company.
Starwood Capital will hold £720m split evenly between two of its investment vehicles, Starwood Real Estate Income Trust, Inc. ( SREIT ), a non-traded REIT managed by Starwood REIT Advisors, L.L.C., a subsidiary of Starwood Capital, and Starwood Property Trust, Inc. (NYSE: STWD).
MUFG : arranges its first project finance collateralized loan obligation
03/01/2021 | 03:01pm EDT
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/PRNewswire/ Mitsubishi UFJ Financial Group (
MUFG) is announcing today that it has acted as a structuring lead on Starwood Property Trust Inc. s first project finance collateralized loan obligation (CLO) – STWD 2021-SIF1.
The deal also represents MUFG s first structuring lead mandate on a project finance CLO backed by a pool of $500 million project finance and corporate infrastructure loans secured primarily by long-term, critical, core infrastructure projects. STWD 2021-SIF1 was designed to optimize Starwood s portfolio management strategy while leveraging MUFG s experience and deep technical expertise in project finance loans.